Chemring Group plc logo Chemring Group plc (LON:CHG) had its price target reduced by equities research analysts at Barclays from GBX 205 ($3.01) to GBX 155 ($2.28) in a note issued to investors on Tuesday, Market Beat.
British military equipment maker Chemring Group Plc. (CHG.L) reported that its loss for the year ended 31 October 2015 narrowed to 0.4 million pounds and $0.2 pence per share from last year's 54.9 million pounds and 28.4 pence per share in the prior year.
Chemring Group PLC is a United Kingdom-based company, which is engaged in developing and manufacturing protection solutions for defense and security markets based on threat detection, countermeasures and energetic material products.
(Adds share movement). Oct 27 British defence contractor Chemring Group Plc lowered its forecast for full-year underlying operating profit by nearly a third, hurt by delays in revenues from a contract in the Middle East.